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The Short List Of Kmart Contenders

April 02, 1995

In Business This Week

THE SHORT LIST OF KMART CONTENDERS

ATOP KMART'S SHOPPING LIST: a new CEO. Embattled executive Joseph Antonini resigned on Mar. 21, nine months after a shareholder revolt at the annual meeting. One possible replacement is Ronald Floto, a Kmart executive vice-president who was elevated to interim chairman of the company's executive committee. Other candidates: Michael Bozic, CEO of Hills Stores, and Robert Nakasone, president of New Jersey-based Toys `R' Us and a onetime protege of Kmart Chairman Donald Perkins. Whoever wins likely will have an easier time than Antonini. Kmart already has axed nearly 1,000 workers from its headquarters staff and sold off specialty businesses such as Sports Authority and OfficeMax.EDITED BY KEITH H. HAMMONDS